Employee Retention refers to an organization's ability to retain its employees over a certain period of time. It involves strategies and initiatives aimed at keeping valuable talent within the organization, reducing turnover, and ensuring the continuity of experienced employees. Employee Retention is essential for maintaining productivity, minimizing recruitment costs, and fostering a positive work environment.
Employee Retention is important for several reasons:
Common reasons for employee turnover include:
Improving Employee Retention involves various strategies, such as:
Employee Retention can be measured through various metrics, including: